DIS AnalysisPrice playing out nicely as my last analysis, giving us a -4.93% move. No changes in my original expectations, I'm expecting price to continue lower to fill the FVG at 86.26 before we see price continue higher.
DIS trade ideas
Downside in Disney?Walt Disney has trended lower since mid-2021. Now, after 18 months of consolidation, some traders may see further downside risk.
The first pattern on today’s chart is the November 24 peak at $96.51. That closely matched April’s monthly low. Has old support become new resistance?
Next you have the lower highs as prices try to hold the November 14 close of $91.07. The resulting descending triangle is a potentially bearish continuation pattern.
Third, DIS is near its falling 200-day simple moving average (SMA). A slip back below that line may confirm its longer-term trend remains bearish.
Finally, the 8-day exponential moving average (EMA) is dipping below its 21-day EMA. MACD has also been falling. Those may reflect weakness returning in the shorter term.
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DIS $90 BounceDIS is definitely worth watching for a hold and bounce off the $90 area. Some good support here, and wedging. If it holds, would be a nice pop back to triple digits.
Raw price...Price action in the context of forex trading refers to the study of the price movements of a currency pair on a chart. The goal is to make trading decisions based on the raw price data displayed on the chart.
DIS LongSame as the F idea. It's possible the last low was a washout. Price has regained the Lower median line. If you want to be picky you can run that stop even tighter just below the red line. A catalyst behind these ideas is that the FED will pivot soon and a bull run will really be sparked. Manage your risk and allow the move to play out if we have indeed caught an edge in this market.
Long Term Short Trade Setup on DisneyAfter Elon's "Go F yourself" to woke blackmail con-artist and hypocritical arrogant prick Bob Iger, I really was just curious how Disney was actually doing from a purely technical perspective.
Disney's chart is looking shockingly bearish long-term. Shorter term (like over the next several weeks) it does look like we will hit $100+ before collapsing further, but once that price is hit, it looks like a Disney-like happy ending is NOT in store here unless something big changes fast. And so far Bob Iger and co. have proven to the public that they are actually hell-bent on destroying the company while attempting to make it look as though they have the best interest of the public in mind. This type of narrative, as you know, has been played on repeat ad-nauseam by lame stream legacy media since the Covid plandemic. To be frank, it's nothing more than pure gaslighting. But will it work? In some cases, yes. In other cases, maybe, In Disney's case, the charts are saying no. Actually, the charts are saying "HELL NO"!
For the sake of brevity, I will not go into everything I am seeing on this chart. I really only want to highlight some of the most important indicators which really make up less than 20% of the bearish indicators that I have spotted overall.
First of all, on the main chart I am posting you will see one red ascending trendline which started in 2009. If you have been following me for any length of time, you'll know that I have traced this same trendline on many of the chart (if not most) of our predominantly indicative macro-market leaders (i.e. - SPY, DJI, Nasdaq, DXY, FAANG stocks, energy, oil, regional banks, etc.). This trendline, IMO, is the predominant indication showing whether a stock remains a part of the secular bull market, which by the way, we have never exited since 2009, not even the COVID glitch in the matrix could take us there. Except until now. Enter Disney.
For the first time, not that I follow the rigged U.S. stock market that closely, a major company has dipped below that all important trendline. And it wasn't simply a dip of the toes in the water type of drop. No sir. It looks like Disney has preformed a canonball splash of a 600 pound sumo wrestler. It has absolutely decimated any magical hope of those fairy tale dreamers that may insanely still be holding for the storybook ending here and it looks as though it will continue to do so.
Could Disney be a leading indicator of what will happen to the rest of the companies who follow the same strategy as Disney? I think it may and so it is worth adding to your list of observation.
Now, zooming in to the shorter-term perspective, you will note that we have been moving up most-recently. Yes, the market can be irrational as I have observed and alluded to in my post numerous time before. But here we are. And actually, Disney is not looking bad for a short-term long trade to around the $100-$104 price target. But after that? I would want to short the sh** out of this thing. Longer term target down would be anywhere from $67-$60 somewhere around mid-2024.
May all of your SHORT dreams come true!
Stewdamus
Looking Ahead to the 4th Quarter for $DISNYSE:DIS has been working on a bottom for a long time. The stock has moved up recently due to heavy buying of Dow components for the DIA and other ETFs which require Dow components.
Many Families are making Disney Resorts a holiday location this year.
The stock now faces stronger bottom completion resistance from the 2nd quarterly report, which sent the stock moving down further until this October.
The volume is very low recently, which is partly due to the holiday but also warns of weakening buyer activity at this price level.
However, there was Dark Pool accumulation in the base of the bottom, along with some Pro Trader activity evident in the candlestick and technical indicator patterns. This range now provides moderate to strong support.
$DIS years of trendlineDisney maybe bouncing off the years of trendline. Good chance of more upside if we break trough it.
DIS AnalysisPrice played out nicely as my last analysis, giving us an upside of +5.52% before a bearish retracement, playing exactly as analyzed. Right now, price is on an uptrend and is on a premium level, filling the FVG created in April. I'm expecting a bearish retracement from here, potentially to fill the FVG at 92.14 or 86.26 next before price climbs higher.
DIS The Walt Disney Company Options Ahead of EarningsIf you haven`t sold DIS before the previous earnings:
Then analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $3.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
DIS: Buy ideaOn DIS as you see on the chart we are in a trading range situation and also we have the breakout with force of the resistance line so it's mean that we will have a hight probability to have an uptrend.Thanks!
Disney (NYSE: DIS) to Launch Its Own NFT PlatformThe NFT trend shows no signs of slowing down. The Walt Disney Company, has teamed up with well-known developer Dapper Labs to introduce the Disney Pinnacle NFT platform.
This platform will feature digital collectibles based on icons stored on the Flow blockchain. The collection is set to include digital versions of souvenirs available in Disney theme parks, encompassing characters from “Toy Story,” “Star Wars,” “Mickey Mouse,” and various Disney princesses.
As a result, fans of Disney and Pixar animations can enrich their collections with tokenized versions of physical collectible pins. These NFTs will be available not just for buying and selling but also for exchanging with other collectors to acquire missing pieces. This platform will digitally assemble and display a century's worth of animated magic in one marketplace.
Designed primarily for mobile devices, Disney Pinnacle also has plans for a future desktop version. The app is slated for release in the App Store for iOS and Google Play Store for Android by the end of the year. The platform is prepared to welcome clients, having already launched a pre-order list. Users will be gradually introduced to the marketplace's features through test sales, although the date for the public release is yet to be determined.
Disney representatives have not disclosed specific details about the initial pricing of NFTs on the platform in response to subscriber queries. However, speculation suggests that the pricing will align with the current resale value of the physical pins on online auction sites, with actual prices likely influenced by market demand.
Dapper Labs, the developer behind the marketplace, is already renowned in the crypto community for creating the cult-favorite game CryptoKitties and NBA Top Shot – a platform for selling memorable NBA game moments as non-fungible tokens (NFTs).
Disney's venture into establishing its own NFT platform marks another step in its use of decentralized technologies. Previously, we've seen how the company brought its characters to life in virtual reality. For this purpose, Disney created its own Metaverse and released an NFT collection called “Golden Moments”, available for purchase in a virtual store on the Obsess platform.
The official launch of Disney's digital pins is likely to align with the debut of the Disney Metaverse World.
Technical Analysist
Price Momentum
DIS is trading in the middle of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
Disney's Path to Profitability: Navigating Culture WarsDisney's CEO is actively addressing culture-war concerns, a positive step that reflects the commitment to preserving the company's reputation. This can contribute to the achievement of the first profit-taking target.
The clarification that Disney's woke themes are intended to be inclusive, not political, provides assurance and may support the company's stock price, making the first target of $106 a potential profit-taking level.
Disney's stock currently stands at a three-year low, presenting an opportunity for long-term investors to enter at an attractive price. The second profit-taking target of $126 represents a more optimistic outlook for Disney's potential recovery and growth.
Walt Disney is showing solid results. What's next?The Walt Disney Company pleasantly surprised investors with a robust quarterly report. Its CEO, Robert Iger, is pursuing an effective cost-cutting strategy. The company is considering the initiation of shareholder dividends and the launch of new projects by the end of 2023. The developmental crisis seems to has been successfully overcome.
Therefore, today, our focus is on the Walt Disney Company (NYSE: DIS) stock chart.
On the D1 timeframe, support has solidified at 83.95, with resistance at 91.21. Additionally, the "triple bottom" pattern suggests a reversal from a downward to an upward trajectory.
Examining the H1 timeframe, if the asset's upward trend persists, a short-term target for a price increase might be around 96.57. In the medium term, the target for a price increase could hover around 103.97.
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Disney's Earnings Day: A Technical Analysis with a Dash of RiskDisney's earnings are on the horizon, and as any seasoned investor knows, earnings announcements can be quite unpredictable. It's almost like flipping a coin – heads or tails, win or lose. Even with the best guesses, you might still end up on the wrong side of the trade.
So, let's dive into the technical aspects of Disney's current situation. We find support at our "namaste line" (a term we enjoy using in a nod to mindfulness and positivity). Furthermore, if you look closely, you'll notice that Disney has been creating higher highs on the 4-hour chart, with the daily trend leaning towards a bullish direction as of now.
But here's the catch – earnings day is today. If you're feeling a bit daring (and let's face it, life is a bit of a gamble in itself), then go ahead and make your move! Happy trading, and may the markets be in your favor. Here's to a "Green Day" for all. - HolisticTrader.Eth
Mickey Mouse is UPSIDE-DOWN!Here on the Daily Chart we have The Walt Disney Stock. Price has been outlining what looks to be a possible Inverted Head and Shoulders!
The "Neckline" @ 86.28 has been tested twice, once on Sept. 15th after the creation of the first "Shoulder" and again on Oct. 17th after the creation of the "Head". Now since we have the creation of the second "Shoulder" or the Low that did not surpass the Low of the "Head", I suspect price will make a trip back up to test the "Neckline" one more time before possibly giving us a Bullish Break to go higher!!
As added confirmation, My DSR is flattening and and the second "Shoulder" was terminated by my Fib'd Kill Zone giving this a high chance of reversing!
**Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!
-Pattern Prediction-
*If price Breaks and Closes below 79.23, pattern is INVALIDATED
*If price Breaks and Closes above 86.28, price action will initiate my Trade Action Plan!
Historic supportNo price action yet but price is landing on a historic trendline from 2009 and also strong pivot point. Seems like the 80 level is key and bulls will defend it. Open a small position and add when you see price action in the daily. I don't think is going to break down that easy. Will be fight.
Disney Raises Cost-Cutting Target To $7.5 Billion Disney (DIS) reported fiscal fourth quarter earnings after the bell on Wednesday that beat expectations as the company increased its annual cost cutting goal to $7.5 billion, up from the previous $5.5 billion set in February. That includes a $4.5 billion annualized cut to content spending, up from the prior $3 billion.
The company's streaming figures came in much strong than expected with nearly 7 million core Disney+ net additions, compared to consensus calls of 2.68 million.
Streaming losses narrowed to $387 million from a loss of $1.41 billion in the prior year period after the company raised streaming prices for the second time this year, upping the monthly price of its ad-free Disney+ and Hulu plans by more than 20%.
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DIS
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Alexandra Canal
Alexandra Canal·Senior Reporter
Wed, November 8, 2023 at 10:05 PM GMT+1
In this article:
DIS
Disney (DIS) reported fiscal fourth quarter earnings after the bell on Wednesday that beat expectations as the company increased its annual cost cutting goal to $7.5 billion, up from the previous $5.5 billion set in February. That includes a $4.5 billion annualized cut to content spending, up from the prior $3 billion.
The company's streaming figures came in much strong than expected with nearly 7 million core Disney+ net additions, compared to consensus calls of 2.68 million.
Streaming losses narrowed to $387 million from a loss of $1.41 billion in the prior year period after the company raised streaming prices for the second time this year, upping the monthly price of its ad-free Disney+ and Hulu plans by more than 20%.
Analysts polled by Bloomberg had expected direct-to-consumer losses to mount to $454 million in the quarter. The company previously reported a loss of $512 million in Q3, a $659 million loss in Q2 and a $1.1 billion loss in Q1.
The results follow the official reveal of Disney's next CFO and commitment to purchase Comcast's 33% stake in Hulu.
On the earnings call, the company said it expects free cash flow to balloon to $8 billion in full-year 2024, assisted by lower content spend. Disney expects to spend $25 billion on content next year versus the $27 billion spent in full-year 2023.
It will also recommend a dividend by the end of the calendar year. Shares climbed almost 4% in pre-market trading following the results.
Adjusted earnings of $0.82 a share beat expectations of $0.69 per share and was more than double the prior-year period's earnings per share of $0.30. Revenue, meanwhile, slightly missed estimates of $21.43 billion to hit $21.24 billion, up 5% compared to the prior-year quarter's $20.15 billion.
Wednesday's results mark the first time the media giant delivered earnings under its new reporting structure after CEO Bob Iger reorganized the company into three core business segments: Disney Entertainment, which includes its entire media and streaming portfolio; Experiences, which encompasses the parks business; and Sports, which included ESPN networks and ESPN+.
Here's how those individual segments performed in the quarter versus Wall Street consensus estimates compiled by Bloomberg:
Entertainment revenue: $9.52 billion versus $9.77 billion expected
Sports revenue: $3.91 billion versus $3.89 billion expected
Experiences revenue: $8.16 billion versus $8.20 billion expected
Disney's stock has struggled, down about 3% since the start of the year and down 5% since Iger's return.
Disney's Experiences division, which includes its parks, cruise lines and consumer products, saw revenue leap 13% year-over-year in the quarter to hit $8.16 billion. Operating income came in at $1.76 billion, below estimates of $1.87 billion but 30% above Q4 2022's $1.34 billion total.
The company said lower results at its domestic parks and resorts stemmed from a decrease at Walt Disney World Resort due to inflation and lower guest spending.
Disney plans to invest $60 billion into its theme parks business over the next 10 years. Most of its full-year 2024 domestic parks growth will be in the second half of the year.
Price Momentum
DIS is trading near the bottom of its 52-week range and below its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price lower, and the stock still appears to have downward momentum.
Rectangle/Earning Tomorrow AMCNeutral pattern until broken.
Also known as a horizontal trading range and is considered to be a consolidation pattern.
The top line (red) is resistance. A break of this line with an uptrend is considered to be EL.
The bottom line is support and a break of this line with a downtrend is used as ES.
Targets over the structure in green are for a break to the upside. T1 is larger type than T2 and so on.
Sometimes all we get is T1 either way this breaks. Some would trade inside the rectangle.
Price is at a resistance level today.
No recommendation.
Shifting Sentiment in DIS Ahead of Earnings?NYSE:DIS stock has struggled this year. However, Accumulation/Distribution on this daily chart shows accumulation over the past several weeks. This is a "shift of sentiment" pattern indicating a better earnings report is likely this time.
The sideways trend is compressing and has consistent lows and highs, a common pattern for accumulation. When Accumulation appears well ahead of an earnings report, it usually (but not always) indicates improvement in fundamentals and establishes a base price for the improvement.
DIS is a target for HFTs since it's a household name stock that gets a lot of attention in the news.
DIS Consolidation/ PullbackI am looking for a pullback to the middle of this channel. I don't think this move will hold and break out this downward channel yet.
DIS Triple BottomDisney has formed a triple bottom on support. Price target $93-$96.
Let's see what happens.
DISNEYFIVE Wave move is up. Expecting a retracement in the said stock in form of wave B. My target would be 117 and my stop loss would be 77. All the best.
